HHM Wealth Advisors LLC Sells 8,192 Shares of ServisFirst Bancshares, Inc. (NYSE:SFBS)

HHM Wealth Advisors LLC lowered its stake in ServisFirst Bancshares, Inc. (NYSE:SFBS - Free Report) by 18.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 35,123 shares of the financial services provider's stock after selling 8,192 shares during the period. ServisFirst Bancshares accounts for approximately 0.4% of HHM Wealth Advisors LLC's holdings, making the stock its 21st biggest holding. HHM Wealth Advisors LLC owned 0.06% of ServisFirst Bancshares worth $2,976,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in SFBS. Victory Capital Management Inc. boosted its position in shares of ServisFirst Bancshares by 2,704.5% during the third quarter. Victory Capital Management Inc. now owns 415,510 shares of the financial services provider's stock valued at $33,428,000 after purchasing an additional 400,694 shares in the last quarter. Ceredex Value Advisors LLC bought a new stake in shares of ServisFirst Bancshares during the 3rd quarter valued at $10,507,000. Stonegate Investment Group LLC grew its position in shares of ServisFirst Bancshares by 13.5% in the 4th quarter. Stonegate Investment Group LLC now owns 947,367 shares of the financial services provider's stock worth $80,280,000 after buying an additional 112,521 shares during the period. Principal Financial Group Inc. increased its stake in shares of ServisFirst Bancshares by 11.6% in the 3rd quarter. Principal Financial Group Inc. now owns 1,037,557 shares of the financial services provider's stock worth $83,466,000 after acquiring an additional 108,088 shares in the last quarter. Finally, Wasatch Advisors LP lifted its position in ServisFirst Bancshares by 13.4% during the 3rd quarter. Wasatch Advisors LP now owns 708,307 shares of the financial services provider's stock valued at $56,983,000 after acquiring an additional 83,804 shares during the period. 67.31% of the stock is currently owned by institutional investors.

ServisFirst Bancshares Stock Up 0.1 %

ServisFirst Bancshares stock traded up $0.08 during trading hours on Thursday, hitting $93.45. The stock had a trading volume of 156,837 shares, compared to its average volume of 221,260. The stock's 50-day moving average price is $89.21 and its 200-day moving average price is $84.89. ServisFirst Bancshares, Inc. has a 12-month low of $58.05 and a 12-month high of $101.37. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.04. The stock has a market capitalization of $5.10 billion, a P/E ratio of 22.46 and a beta of 0.91.

ServisFirst Bancshares (NYSE:SFBS - Get Free Report) last released its quarterly earnings data on Monday, January 27th. The financial services provider reported $1.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.11 by $0.08. ServisFirst Bancshares had a return on equity of 14.81% and a net margin of 23.16%. During the same period in the previous year, the firm posted $0.91 EPS. Equities research analysts anticipate that ServisFirst Bancshares, Inc. will post 5.17 EPS for the current fiscal year.

ServisFirst Bancshares Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 10th. Investors of record on Thursday, January 2nd were given a dividend of $0.335 per share. The ex-dividend date was Thursday, January 2nd. This is a boost from ServisFirst Bancshares's previous quarterly dividend of $0.30. This represents a $1.34 annualized dividend and a dividend yield of 1.43%. ServisFirst Bancshares's dividend payout ratio (DPR) is 32.21%.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the stock. Hovde Group upped their price objective on shares of ServisFirst Bancshares from $80.00 to $91.00 and gave the stock a "market perform" rating in a report on Tuesday, October 22nd. Piper Sandler upped their price target on ServisFirst Bancshares from $95.00 to $96.00 and gave the stock a "neutral" rating in a research note on Tuesday, January 28th. Finally, StockNews.com upgraded ServisFirst Bancshares from a "sell" rating to a "hold" rating in a research note on Sunday, January 5th.

ServisFirst Bancshares Company Profile

ServisFirst Bancshares, Inc operates as the bank holding company for ServisFirst Bank that provides various banking services to individual and corporate customers. It accepts demand, time, savings, and other deposits; checking, money market, and IRA accounts; and certificates of deposit. The company's loan products include commercial lending products, including seasonal, bridge, and term loans for working capital, expansion of the business, acquisition of property, and plant and equipment, as well as commercial lines of credit; commercial real estate loans, construction and development loans, and residential real estate loans; and consumer loans, such as home equity loans, vehicle financing, loans secured by deposits, and secured and unsecured personal loans.